Brandes Investment Partners LP Sells 48,586 Shares of NatWest Group plc (NYSE:NWG)

Brandes Investment Partners LP trimmed its stake in shares of NatWest Group plc (NYSE:NWG) by 3.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,292,857 shares of the company’s stock after selling 48,586 shares during the quarter. Brandes Investment Partners LP’s holdings in NatWest Group were worth $10,439,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of NWG. Sequoia Financial Advisors LLC grew its position in NatWest Group by 4.4% during the second quarter. Sequoia Financial Advisors LLC now owns 29,328 shares of the company’s stock worth $236,000 after buying an additional 1,230 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in NatWest Group by 45.7% during the second quarter. EverSource Wealth Advisors LLC now owns 4,013 shares of the company’s stock worth $32,000 after buying an additional 1,259 shares in the last quarter. First Trust Direct Indexing L.P. raised its position in shares of NatWest Group by 4.9% in the 1st quarter. First Trust Direct Indexing L.P. now owns 31,986 shares of the company’s stock valued at $218,000 after buying an additional 1,501 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of NatWest Group by 65.7% during the 2nd quarter. GAMMA Investing LLC now owns 4,566 shares of the company’s stock worth $37,000 after acquiring an additional 1,810 shares during the period. Finally, 9258 Wealth Management LLC increased its stake in NatWest Group by 18.2% in the second quarter. 9258 Wealth Management LLC now owns 13,016 shares of the company’s stock valued at $105,000 after acquiring an additional 2,002 shares during the last quarter. Institutional investors and hedge funds own 1.27% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. UBS Group upgraded NatWest Group to a “strong-buy” rating in a research note on Tuesday, July 30th. Kepler Capital Markets initiated coverage on NatWest Group in a research report on Thursday, September 5th. They issued a “buy” rating on the stock. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, NatWest Group has an average rating of “Moderate Buy”.

NatWest Group Stock Down 0.8 %

Shares of NYSE:NWG opened at $9.34 on Monday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.08 and a current ratio of 1.07. The company has a market capitalization of $38.78 billion, a PE ratio of 7.64, a price-to-earnings-growth ratio of 2.07 and a beta of 1.33. NatWest Group plc has a 52-week low of $4.30 and a 52-week high of $9.68. The company has a fifty day moving average of $9.01 and a 200-day moving average of $8.18.

NatWest Group (NYSE:NWG) last issued its quarterly earnings results on Friday, July 26th. The company reported $0.35 EPS for the quarter. The business had revenue of $4.62 billion for the quarter. On average, equities analysts predict that NatWest Group plc will post 1.05 EPS for the current fiscal year.

NatWest Group Increases Dividend

The company also recently declared a semi-annual dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 9th were given a dividend of $0.1543 per share. The ex-dividend date of this dividend was Friday, August 9th. This represents a yield of 4.3%. This is a boost from NatWest Group’s previous semi-annual dividend of $0.14.

NatWest Group Profile

NatWest Group plc, together with its subsidiaries, provides banking and financial products and services to personal, commercial, corporate, and institutional customers in the United Kingdom and internationally. It operates through Retail Banking, Private Banking, and Commercial & Institutional segments.